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Friday, January 16, 2026

Tag: banking news

RBI MPC Meeting: Will RBI Cut Rates or Hold on December 5?

RBI to announce monetary policy decision Friday. Experts split between rate cut and status quo amid strong 8.2% GDP growth and low 0.25% inflation.

RBI Slaps Rs 91 Lakh Penalty on HDFC Bank for Regulatory Lapses

HDFC Bank faces Rs 91 lakh penalty for KYC violations, outsourcing compliance, and unauthorized subsidiary activities in RBI regulatory action.

Kotak Mahindra Bank Announces 5:1 Stock Split After 14 Years

Kotak Mahindra Bank approves 5:1 stock split to boost retail participation. Shares become more affordable as bank marks 40th anniversary milestone.

SBI Ends mCASH Service: New Payment Methods After Nov 2025

State Bank of India discontinues mCASH facility. Learn about UPI, IMPS, NEFT alternatives and step-by-step guide for BHIM SBI Pay transfers.

RBI Allows Loans Against Silver Jewellery and Coins From April 2026

Get loans up to 85% against silver jewellery value. New RBI guidelines make silver assets loan-eligible through banks from 2026.

SBI Q2 Net Profit Jumps 10% to Rs 20,160 Crore, Asset Quality Improves

State Bank of India reports strong Q2 results with 10% profit growth and improved asset quality. Gross NPAs decline to 1.73% as India's largest lender shows robust performance.

HDFC Bank Board Approves 3-Year Extension for Kaizad Bharucha

HDFC Bank board clears Kaizad Bharucha's reappointment as Deputy MD for 3 years, pending RBI approval and shareholder consent.

RBI Returns Jana Small Finance Bank Universal Bank Licence Application

RBI rejects Jana SFB's universal bank transition bid citing unmet eligibility criteria. Stock falls 2.14% as bank faces regulatory setback.

IndusInd Bank Reports ₹437 Crore Q2 Loss on Microfinance Stress

IndusInd Bank swings to loss as new CEO takes aggressive provisions for microfinance portfolio. Read about the recovery plan and financial impact.

Emirates NBD to Invest ₹26,853 Crore for Majority Stake in RBL Bank

Middle East banking giant Emirates NBD will acquire majority stake in RBL Bank through ₹26,853 crore investment, pending regulatory approvals.